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Great Depression Study Guide Pt.1
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What was the major campaign issue of the 1928 election?
Prohibition
Alfred E. Smith was attacked for the reason in the 1928 election?
He was Catholic
What signs were there that the economy was weakening in the late 1920s?
Construction decreased
How did the investors respond to the Dow Jones Industrial Average Sharp drop in the late October 1929?
They removed their money from stock market.
How did the Federal Reserve contribute to the Depression?
They contributed NOTHING.
How did the stock market crash weaken the nation's banks?
People took back their money from the banks
During the depression, how did government pay for public works?
It got the money from banks and taxed the wealthy.
What was the purpose of the Reconstruction Finance Corporation?
Provided loan
s in businesses to keep work and productions up
Roosevelt's advisors who supported
New Nationalism
wanted to do what?
Government and business to work together.
What was Roosevelt's first action to fight the depression?
Shut down banks
Why did Roosevelt create the Securities and Exchange Commission?
Regulate stock market
Advisors who favored the "New Freedom" approach wanted the government to do what?
Break up large corporations
What was the ruling of the Supreme Court in the case Schechter v. United States?
Removed NRA / NIRA
Why was Franklin Roosevelt's "Court Packing Plan" a serious mistake?
It made him lose all his votes
What were reasons to support the Townshed Plan?
Decrease
un
employment rate
How did the Emergency Banking Relief Act help resolve the banking crisis?
Gave people assurance that they are financially stable.
How did the Agricultural Adjustment Act help farmers?
Example: Government told farmers what food to grow to make the best profit.
What did the Home Owners Loan Corporation do to help those with a home mortgage?
Decreased interest rates
What were Charles Coughlin's criticisms of the FDR Administrations?
He thought banking would be National
The CIO focused its early organizing efforts on what industry?
Automobile and Steel industry
How did FDR trigger the economic downturn of 1937?
He cut government spending.
How did America's racial minorities fare during the Depression?
Types of jobs = low income
What did the 21st Amendment do?
Ended prohibition
Who was hardest hit by the Depression?
Minorities
Author
gerardcb
ID
59085
Card Set
Great Depression Study Guide Pt.1
Description
Walnut High
Updated
2011-01-11T06:25:39Z
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